Despite a positive rise today, the ADA price is experiencing a decline after breaching the local support level of $0.6958. Buyers need to regain momentum quickly to prevent further drops towards the $0.68-$0.6850 range. Larger time frame analysis reveals no reversal signals yet, with a possible test of the $0.66 zone next week if the daily closing price remains far from the key $0.70 zone.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Despite today's growth, the price of ADA is declining after breaking the local support level of $0.6958. If buyers fail to regain control shortly, the drop is likely to continue towards the $0.68-$0.6850 range by tomorrow. On a larger time frame, there are currently no reversal signals. If the daily bar closes significantly away from the crucial zone of $0.70, there's a high probability of a test of the $0.66 zone next week. The volume is decreasing, suggesting that sideways trading around current prices is the more probable scenario until the end of the month
ADA Cardano Cryptocurrency Price Price Prediction Technical Analysis
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